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A Dallas-area bank is looking for offensive capital after a would-be buyer failed to raise enough money to acquire the $41 million-asset institution.

The FDIC has filed a lawsuit against former directors and executives at the failed Mutual Bank, claiming, among other things, that $250,000 was spent on a lavish wedding that management detailed as a bank function.

Bank of America said Monday that it is hiring 25 wealth-management advisers in the Southeast region, including in Atlanta, Charlotte, N.C., and Nashville, Tenn. The Merrill Edge Financial Solutions advisers will serve customers who have investable assets between $50,000 to $250,000.

The attempt by large banks to impose debit card fees wasn't just about wringing a bit of extra revenue out of existing customers. It was an effort by Bank of America and its competitors to rework their basic retail account business model.

Fannie Mae Monday morning confirmed to National Mortgage News that its multifamily unit is the subject of an Inspector General probe being conducted by the Federal Housing Finance Agency.

Although they will not be supervised by the Consumer Financial Protection Bureau, executives of small financial institutions told a congressional panel Monday they remain uneasy about the effect the bureau will have on their businesses.

Britton & Koontz Capital Corp. in Natchez, Miss., reported a third-quarter loss after a major setback in credit quality.

JPMorgan Chase rebutted claims that it misled four failed corporate credit unions into buying $1.5 billion of risky mortgage-backed securities, and instead pointed the finger at the management of the failed corporates and National Credit Union Administration's own examiners.

The debit-card fee dominoes are falling, leaving Bank of America Corp. increasingly alone in its controversial efforts to make customers pay for using their debit cards.

Old National Bancorp in Evansville, Ind., posted on Monday third-quarter earnings of $16.8 million, up 41.2% from a year ago, due to strong revenue growth.

Hampton Roads Bankshares Inc.'s shares plunged Monday after the company posted a third-quarter loss of $26.7 million, compared with a loss of $18.8 million in the second quarter.

Responding to an outcry from its customers, SunTrust Banks Inc. in Atlanta no longer plans to charge customers $5 per month to use its debit cards.

On financial policy, the Republican presidential field has been gravitating to the right. Here is a look at where several of the contenders stand on key issues.

A large number of card-fraud arrests in October prompted some to predict that chip-card technology could soon put an end to such crimes. Not so fast. Even in the best-case scenario, it would be several years before the technology could make a meaningful dent in skimming fraud in the U.S.

SunTrust said Monday that it will eliminate the monthly check-card fee on its Everyday Checking account, joining a growing list of banks shunning the charges. It said all clients who incurred the fee, which was rolled out in June, would receive a refund.

Independent Bank Corp. in Ionia, Mich., reported a third-quarter loss of $5.2 million, showing some improvement from a year earlier.

1st Mariner Bancorp in Baltimore announced another quarterly loss and the resignation of its bank president, Daniel McKew. Mark Keidel, who is the president of 1st Mariner Bancorp and the chief operating officer of both the company and the bank, succeeded McKew.

Suffolk Bancorp in Riverhead, N.Y., is slowly making its way through accounting and regulatory issues that hung over the company for more than year.